Flotek Industries, Inc. (NYSE:FTK) Stock Has Consensus Price Target of $34.67

Key Points

• Analysts maintain a moderately bullish view: Four of five covering firms rate Flotek Industries “Buy,” while one rates it “Hold,” with an average 12-month price target of $34.67 versus a recent price of $23.91.
• Flotek’s latest quarter exceeded expectations, reporting $0.26 in EPS versus $0.13 expected and $99.37 million in revenue versus a $69.51 million forecast.
• Litigation and insider activity add uncertainty: A securities class action alleges misleading disclosures related to the PREPA contract, while major shareholder Profrac sold about $60 million of stock and director Matthew Wilks purchased about $34.3 million.

Shares of Flotek Industries, Inc. (NYSE:FTK - Get Free Report) have earned an average rating of "Moderate Buy" from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.67.

FTK has been the subject of a number of research analyst reports. Lake Street Capital raised their price target on shares of Flotek Industries from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, September 15th. JonesTrading assumed coverage on shares of Flotek Industries in a research note on Thursday, July 9th. They set a "buy" rating and a $40.00 price objective for the company. Finally, Weiss Ratings lowered shares of Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, October 2nd.

Flotek Industries Stock Down 3.3%

Shares of FTK traded down $0.81 during mid-day trading on Friday, hitting $23.91. 262,054 shares of the company traded hands, compared to its average volume of 483,350. The company has a market capitalization of $866.20 million, a PE ratio of 24.16 and a beta of 1.42. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $27.83 and a 200 day moving average of $23.64. Flotek Industries has a 1-year low of $13.19 and a 1-year high of $39.67.

Flotek Industries (NYSE:FTK - Get Free Report) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.13. The company had revenue of $99.37 million during the quarter, compared to analysts' expectations of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. Equities research analysts anticipate that Flotek Industries will post 0.79 EPS for the current year.

More Flotek Industries News

Here are the key news stories impacting Flotek Industries this week:

• Positive Sentiment: Flotek’s latest reported quarter was stronger than expected: earnings per share of $0.26 exceeded the $0.13 consensus estimate, while revenue of $99.37 million surpassed the $69.51 million forecast. This operating performance may provide some support for the shares, although it is not the focus of the new announcements.
• Neutral Sentiment: Several investor-rights firms, including Rosen Law Firm, Kaplan Fox, Faruqi & Faruqi, and others, reminded shareholders of an October 26, 2026 deadline to seek appointment as lead plaintiff in the securities class action. The proposed class covers investors who purchased Flotek securities from August 3 through August 17, 2026. Rosen Law Firm deadline notice
• Negative Sentiment: The class action alleges that Flotek and certain executives misrepresented or failed to disclose material information regarding the PREPA contract, potentially exposing the company to legal costs, damages, reputational harm, and additional investor scrutiny. The allegations have not been proven in court. Kaplan Fox class action notice
• Negative Sentiment: The unusually large number of law-firm announcements amplifies visibility around the alleged contract disclosures and may increase uncertainty around Flotek’s financial exposure. Investors should distinguish these repeated notices from new operating developments; they primarily promote participation in the same litigation.

Insiders Place Their Bets

In other Flotek Industries news, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the sale, the insider owned 3,693,194 shares in the company, valued at approximately $96,059,975.94. The trade was a 38.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Wilks acquired 1,319,493 shares of the business's stock in a transaction dated Friday, September 11th. The stock was purchased at an average cost of $26.01 per share, for a total transaction of $34,320,012.93. Following the completion of the acquisition, the director directly owned 1,477,285 shares of the company's stock, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On Flotek Industries

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in Flotek Industries in the third quarter valued at approximately $37,000. Thompson Davis & CO. Inc. purchased a new position in Flotek Industries during the 1st quarter worth approximately $272,000. AWM Investment Company Inc. purchased a new position in Flotek Industries during the 2nd quarter worth approximately $706,000. Aristides Capital LLC raised its position in Flotek Industries by 4.6% during the 4th quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company's stock worth $541,000 after buying an additional 1,390 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Flotek Industries during the 2nd quarter valued at approximately $1,160,000. Institutional investors and hedge funds own 10.90% of the company's stock.

Flotek Industries Company Profile

Flotek Industries, Inc is a technology company that develops and supplies specialty green chemistry and data-driven solutions for the energy industry. Its offerings are designed to help oil and natural gas producers improve well performance, manage production processes and reduce the environmental impact of energy operations.

Through its Chemistry Technologies segment, Flotek provides biodegradable and environmentally focused chemical products used in drilling, cementing, stimulation, completion and production activities.

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